Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 6 % of short-term debt in 2025; threshold 65 %.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
T&H National from Leuven, company number BE0648654638, closed financial year 2025 with a result of € -14,394 after tax. For that financial year T&H National recorded a gross margin of € 92,324 and equity of € -64,094. Compared with financial year 2024, the result moved from € 2,154 to € -14,394. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 11, 2026.
€ -64,094
▼ € 14,394 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -14,394
▼ still € 2,154 profit in 2024
Profit after tax over the fiscal year.
€ 3,761
▼ 68% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -70,294.
People and assets in 2025
€ 89,924
▲ 2% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 437
▼ 90% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 15,668
▲ 18% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 12,117
▼ 17% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 86,002 | € 113,044 | € 106,857 | € 92,324 | ▼ 14% |
| Profit after taxes | € -14,453 | € 11,625 | € 2,154 | € -14,394 | ▼ € 16,548 |
| Equity | € -63,480 | € -51,854 | € -49,700 | € -64,094 | ▼ € 14,394 |
| Total debts | € 105,763 | € 83,657 | € 78,485 | € 74,086 | ▼ 6% |
| Cash | € 6,712 | € 5,857 | € 11,682 | € 3,761 | ▼ 68% |
| Retained profit | € -69,680 | € -58,054 | € -55,900 | € -70,294 | ▼ € 14,394 |
| Bank debt | € 48,271 | € 18,121 | € 3,495 | € 0 | ▼ 100% |
| Balance sheet total | € 42,283 | € 31,802 | € 28,785 | € 9,992 | ▼ 65% |
Key figures of T&H National, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to T&H National?
What happened at T&H National in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 14,394 (▼ € 16,548 vs 2024). Source: NBB ↗
- Kelly Pauwels became a director. NBB
- Erwin De Winter became a director. NBB
- Hilde Beyens stepped down as director. NBB
- Tom Jansen stepped down as director. NBB
- New establishment in Leuven. KBO
- Hilde Beyens became a director. NBB
- Tom Jansen became a director. NBB
In short
From € 14,453 loss in 2022 to € 14,394 loss in 2025.
Paid € 843 in corporate taxes since 2022.
Best year ever: 2023, with € 11,625 profit.
A new publication or filing at T&H National? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind T&H National are Kelly Pauwels and Erwin De Winter.
Directors
According to the 2025 annual accounts
Kelly Pauwels
Director
since 2026
Erwin De Winter
Director
since 2026
since 2016 · until 2026
since 2016 · until 2026
Establishments
Establishment units
Physical locations of this company
Tiensevest 20
3000 Leuven
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0648.654.638
- VAT number
- BE 0648.654.638
- Registered office
- Tiensevest 20, 3000 Leuven
- Names & denominations
- T&H National
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 February 2016
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Cafés en bars